Volkswagen vows to build 22 million e-cars over next decade

[Eugene]

Source: Associated Press

Volkswagen vows to build 22 million e-cars over next decade

March 12, 2019

FRANKFURT, Germany (AP) — German automaker Volkswagen said Tuesday it plans to ramp up its production of electric vehicles over the next ten years to 22 million and reduce its carbon footprint over vehicle life cycles by 30 percent.

Previously, the company said it would aim for 15 million. That was ambitious in itself given that it made fewer than 50,000 battery-only vehicles last year.

The company is pivoting to electric vehicles as it seeks to comply with new limits on carbon dioxide emissions in Europe, and a push by China for more low-emission vehicles.

The company also disclosed that operating profit at its core Volkswagen brand, one of 12, fell to 3.2 billion euros ($3.6 billion) from 3.3 billion last year as the company faced bottlenecks certifying vehicles under new emissions tests.

-snip-

Read more: https://apnews.com/d505d48f70e0435282e0666929cb53c9

[democratisphere]

1. GM's attempt to bring electric cars to the American market

was a total failure. It will be interesting to see if VW can obtain a different outcome. I think the American market for this type of car is very small.

[Auggie]

2. VW isn't thinking about the U.S.A. Read the third paragraph:

The company is pivoting to electric vehicles as it seeks to comply with new limits on carbon dioxide emissions in Europe, and a push by China for more low-emission vehicles.

[democratisphere]

3. Eventually the US will be concerned about all types of emissions,

once drumpf is gone, and it will be interesting to see if an electric car will appeal to a significant portion of the US car buying public. The US is so far behind the rest of the world in this type of low emissions thinking.